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Suburb Insights ยท TAS 7216

Binalong Bay 7216, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Binalong Bay is a regional centre in Tasmania, Australia, with a population of approximately 329, making it a boutique locality. Located approximately 198 km from the Hobart CBD, Binalong Bay is a regional area in Tasmania. The median household income is $49,140 AUD per year (ABS 2021 Census).

Investment Score

24 / 100 Weak

Binalong Bay's income profile suggests a value-oriented market with competitive purchase prices. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.

Location

Map shows Binalong Bay, Tasmania, Australia.

Key Indicators

Postcode
7216

Official Australia Post postcode for Binalong Bay. A postcode may cover multiple suburbs.

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Population
329

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$265/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$49,140/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
198 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,409/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
38% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Binalong Bay serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $265/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,409/month. With only 38% separate houses, Binalong Bay has a significant apartment and unit market โ€” typical of inner-city investment corridors.

Investment Strategy

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Buy & Hold

Buy-and-hold in Binalong Bay carries higher risk due to limited demand drivers and slower growth fundamentals.

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Rental Yield

Achieving strong cash flow in Binalong Bay is challenging at current rent-to-price ratios.

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Renovation / Flip

Limited buyer depth in Binalong Bay makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

Run the numbers on a Binalong Bay property

Full Property Analysis

30-year projections for Binalong Bay

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Binalong Bay faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. Landlords in Binalong Bay may face longer tenant search times; competitive pricing will be important. Investor sentiment toward Binalong Bay is currently lukewarm โ€” value hunters may find opportunity here.

Frequently Asked Questions

Is Binalong Bay a good suburb for investment?

Binalong Bay is a regional area in Tasmania with a population of 329. The median rent is $265/week and the median household income is $49,140/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Binalong Bay?

Key demand drivers in Binalong Bay include regional employment hubs, lifestyle, and affordability. 38% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Binalong Bay?

According to the ABS 2021 Census, Binalong Bay has a population of approximately 329. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Binalong Bay from the Hobart CBD?

Binalong Bay is approximately 198 km straight-line distance from the Hobart CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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